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Spot Re firms up to 44.83/$

MARKETS REPORT

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Our Banking Bureau Mumbai
Last Updated : Feb 06 2013 | 5:15 PM IST
Forex market
 
Outlook
Rupee seen strengthening on Tuesday
 
Sentiment: Bullish
 
  • Rupee close to a 7-month peak

  • Rupee closed at 44.83 per dollar against 44.98 last week.

  • 6-mth forward dollar premium up to 0.63 per cent from 0.45 per cent.
    •  
    Money market
     
    Sentiment: Bearish
  • Bond prices fell ahead of the scheduled Rs 8,000 crore government bond auction between December 1 and December 8.

  • Market expects government to put off the auction as it has cash surplus with the Reserve Bank of India (RBI).

  • The yield on the benchmark 7.38 per cent 2015 bond rose to 7.22 per cent against 7.19 on Saturday.

  • Call money rate was unchanged at 4.70 per cent.
    •  
     

    Also Read

    Re at 5-1/2 month high at 45.06/$

    Re at 5-1/2 month high at 45.06/$

    Re ends flat at 45.04/$

    Re ends flat at 45.04/$

    Re ends flat at 45.06/$

    Re ends flat at 45.06/$

    Re ended steady at 45.05/$

    Re ended steady at 45.05/$

    Re ends marginally lower at 45.10/$

    Re ends marginally lower at 45.10/$

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    First Published: Nov 30 2004 | 12:00 AM IST

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